The Federal Direct Parent PLUS Loan is a credit-based loan with a fixed interest rate of 8.05% with default and up front origination fees of 4.228% (for loans made before October 1, 2023). 学生 must be enrolled at least half-time in a degree seeking program, be meeting the Federal Academic Progress Standards (SAP), and have a completed FASFA on file for parents to access a PLUS loan. The parent borrower must be either a biological or adoptive parent, or step parent. Parent borrowers and their student must also be U.S. citizens or eligible noncitizens and not currently be in default on Federal aid. Through the Federal Direct PLUS Loan Program, parents of dependent students may borrow up to the cost of education less any other financial aid received by the student. You may indicate on your Federal Direct Parent PLUS Loan 应用程序 that you would like an automatic deferment while your student is attending school and/or a request for a 6 month deferment post enrollment. For additional information search the Federal Student Aid website.
If a parent is denied a Federal Direct Parent PLUS Loan, the student may automatically be considered for an additional unsubsidized Federal Direct Stafford loan in an amount up to $4,000/year for first year students and sophomores. Borrowers also have the option to either appeal the credit decision with the U.S. Department of 教育 or get an endorser for the loan by choosing the associated bubble on the results page after submitting your online Federal Direct Parent PLUS Loan 应用程序. The 金融援助 Office will post the additional unsubsidized loan and the student will need to accept it if they want it.
If t在这里 is a Federal Direct Parent PLUS Loan denial and certification of an additional unsubsidized Federal Direct Stafford loan has occurred, the same parent borrower or another parent borrower can later appeal or seek an endorser and be approved. 如果是这样的话, the student’s undisbursed additional unsubsidized Federal Direct Stafford Loan will be cancelled.
还款方式:
Additional information regarding repayment can be found 在这里.
如何申请: 点击这里
方向 for Changing your Federal Direct Parent PLUS Loan:
If you would like to change your Federal Direct Parent PLUS loan, the parent borrower must submit a written request to the 金融援助 Office. Parents can email from the email address on their PLUS 应用程序 and include a phone number w在这里 the parent borrower can be contacted. If you would like to increase the Federal Direct Parent PLUS Loan and it is more than 180 days since the initial credit check was completed, the Parent Borrower will need to complete a new Federal Direct Parent PLUS loan 应用程序.
Federal Loan Servicers: For questions about loan repayment or deferment, a borrower can contact his or her Federal Direct Parent PLUS Loan servicing center. Not sure who your Federal loan servicer is? 你可以在 National Student Loan Database System, or call the Federal Student Aid Information Center at 800-4-FED-AID. Borrowers can also find more resources at the website for the Federal Direct Loan Servicers.